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$350,000

Beds
3
Baths
2.0
sq ft
1,902

1838 Summit Ridge Lane, Kannapolis, NC 28083

1838 Summit Ridge Lane

Kannapolis, NC 28083

  • 7 days on market
Welcome to this one and half story home with bonus room upstairs in Waterside Landing. Gorgeous, peaceful water view of of Lake Concord provides so much privacy. Watch the geese frolic in the lake. Conveniently located less than 2 miles from I-85 for an easy commute to the city. Plenty of nearby shopping and restaurants. Less than 10 minutes to downtown Kannapolis for evening strolls or to watch a baseball game. This home offers 3 bedrooms and 2 full baths plus a bonus room upstairs that could be used as a 4th bedroom. The primary bedroom offers a large walk in closet and ensuite bath. The spacious eat in kitchen with granite and stainless steel appliance is open to the great room. The great room has a vaulted ceiling with sliding doors going out to the covered patio. The office/flex space in the front of the home can be used for multiple purposes, great for a home office. 2 car garage completes the home.

Details

Property type

Single Family Residence

Est. home value

$340,915

Lot size

Unknown

Price per sq ft

$185

Year built

2001

Monthly HOA fee

$12.25

Price History

03/28/2025
CanopyMLS

CanopyMLS #4240108

Listed
$350,000
+70.73%
09/13/2019
CanopyMLS

CanopyMLS #3540003

Sold
$205,000

Schools & Community

Elementary school: 

Forest Park

Middle school: 

Kannapolis

High school: 

A.L. Brown

Community features: 

Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$145,065
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$176,935
Cash to seller
$145,065

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

September 2019

Original loan amount

$198,850

Est. remaining balance

$176,935

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Kevin R Fredericks

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/04/2025 at 8:10 PM

Listing updated: 04/03/2025 at 8:05 PM

Listed by: Wanda Holsclaw, NorthGroup Real Estate LLC Phone #: (704) 412-2804

MLS: CanopyMLS #4240108

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